ITV

Tag: PAT

  • Q3-2016: ENIL reports 23% YoY revenue

    Q3-2016: ENIL reports 23% YoY revenue

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL) reported 22.9 per cent YoY increase in Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 143.57 crore as compared to the Rs 117.69 crore and 23.5 per cent higher QoQ as compared to Rs 116.27 crore in the immediate trailing quarter.

    The company’s profit after tax (PAT) in Q3-2016 declined 18.8 per cent to Rs 26.99 crore (18.8 per cent margin) as compared to Rs 32.84 crore (28.1 per cent margin) and was flat QoQ as compared to Rs 26.97 crore (23.2 per cent margin) in Q2-2016. The company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 per cent margin) on a TIO of Rs 483.48 crore.

    Notes: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

    (2) The numbers in this report are consolidated unless stated otherwise.

    Let us look at some of the other numbers reported by ENIL:

    The company’s EBIDTA in Q3-2016 at Rs 49.74 crore (34.6 per cent margin) was 11.6 per cent higher YoY as compared to Rs 44.58 crore (38.2 per cent margin) and was 39.3 per cent higher QoQ as compared to Rs 35.71 crore (30.7 per cent margin) in the previous quarter.

    ENIL total expense (TE) in Q3-2016 at Rs 102.74 crore (71.6 per cent of TIO) was 27.6 per cent higher YoY as compared to Rs 80.53 crore (69 per cent of TIO) and was 13.1 per cent higher QoQ as compared to Rs 90.86 crore (78.1 per cent of TIO) in Q2-2016.

    ENIL paid 17.5 per cent higher license fee in Q3-2016 at Rs 6.87 crore (4.8 per cent of TIO) as compared to Rs 5.84 crore (five per cent of TIO), but 12.3 per cent lower than the Rs 7.83 crore (6.7 per cent of TIO) in Q2-2016.

    The company’s marketing expense in Q3-2016 at Rs 31.78 crore (22.1 per cent of TIO) was 53.3 per cent more YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) and was more than double (2.06 times) QoQ as compared to Rs 15.47 crore (13.3 per cent of TIO) in Q2-2016.

    The company’s programming and royalty expenses in the current quarter increased 20.6 per cent to Rs 4.77 crore (3.3 per cent of TIO) as compared to Rs 3.96 crore (3.4 per cent of TIO) in the corresponding year ago quarter and was 13.1 per cent higher than the Rs 4.22 crore (3.6 per cent of TIO) in Q2-2016.

    Other expenses in Q3-2016 at Rs 25.72 crore (17.9 per cent of TIO) was 24 per cent higher YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) but was 18 per cent lower as compared to Rs 31.37 crore (21 per cent of TIO) in the immediate trailing quarter.

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 24.70 crore (17.2 per cent of TIO) was 16.5 per cent more YoY as compared to Rs 21.21 crore (18.2 per cent of TIO) and was 14 per cent more QoQ as compared to Rs 21.67 crore (18.6 per cent of TIO).

    ENIL managing director and CEO Prashant Panday said, “The festive quarter has been a terrific one for us! We have grown by 23 per cent in Q3 this year after having grown at 19 per cent in the same quarter last year. With the roll-outs of Phase-3 stations well underway, we hope to see rapid growth in the years to come. The next five years belong to radio!”

    ENIL’s participation in the first batch of Phase-3 auctions resulted in an expansion of its footprint into seven new towns namely Chandigarh, Kochi, Kozhikode, Jammu, Srinagar, Guwahati and Shillong.

    Radio Mirchi with Delhi International Airport (P) Limited (DIAL) has recently launched ‘Mirchi T3’ radio at Terminal 3 of Delhi Airport. With Mirchi T3, Radio Mirchi looks to cater to the niche group of premium listeners who frequent the airport.

  • Q3-2016: ENIL reports 23% YoY revenue

    Q3-2016: ENIL reports 23% YoY revenue

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL) reported 22.9 per cent YoY increase in Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 143.57 crore as compared to the Rs 117.69 crore and 23.5 per cent higher QoQ as compared to Rs 116.27 crore in the immediate trailing quarter.

    The company’s profit after tax (PAT) in Q3-2016 declined 18.8 per cent to Rs 26.99 crore (18.8 per cent margin) as compared to Rs 32.84 crore (28.1 per cent margin) and was flat QoQ as compared to Rs 26.97 crore (23.2 per cent margin) in Q2-2016. The company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 per cent margin) on a TIO of Rs 483.48 crore.

    Notes: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

    (2) The numbers in this report are consolidated unless stated otherwise.

    Let us look at some of the other numbers reported by ENIL:

    The company’s EBIDTA in Q3-2016 at Rs 49.74 crore (34.6 per cent margin) was 11.6 per cent higher YoY as compared to Rs 44.58 crore (38.2 per cent margin) and was 39.3 per cent higher QoQ as compared to Rs 35.71 crore (30.7 per cent margin) in the previous quarter.

    ENIL total expense (TE) in Q3-2016 at Rs 102.74 crore (71.6 per cent of TIO) was 27.6 per cent higher YoY as compared to Rs 80.53 crore (69 per cent of TIO) and was 13.1 per cent higher QoQ as compared to Rs 90.86 crore (78.1 per cent of TIO) in Q2-2016.

    ENIL paid 17.5 per cent higher license fee in Q3-2016 at Rs 6.87 crore (4.8 per cent of TIO) as compared to Rs 5.84 crore (five per cent of TIO), but 12.3 per cent lower than the Rs 7.83 crore (6.7 per cent of TIO) in Q2-2016.

    The company’s marketing expense in Q3-2016 at Rs 31.78 crore (22.1 per cent of TIO) was 53.3 per cent more YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) and was more than double (2.06 times) QoQ as compared to Rs 15.47 crore (13.3 per cent of TIO) in Q2-2016.

    The company’s programming and royalty expenses in the current quarter increased 20.6 per cent to Rs 4.77 crore (3.3 per cent of TIO) as compared to Rs 3.96 crore (3.4 per cent of TIO) in the corresponding year ago quarter and was 13.1 per cent higher than the Rs 4.22 crore (3.6 per cent of TIO) in Q2-2016.

    Other expenses in Q3-2016 at Rs 25.72 crore (17.9 per cent of TIO) was 24 per cent higher YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) but was 18 per cent lower as compared to Rs 31.37 crore (21 per cent of TIO) in the immediate trailing quarter.

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 24.70 crore (17.2 per cent of TIO) was 16.5 per cent more YoY as compared to Rs 21.21 crore (18.2 per cent of TIO) and was 14 per cent more QoQ as compared to Rs 21.67 crore (18.6 per cent of TIO).

    ENIL managing director and CEO Prashant Panday said, “The festive quarter has been a terrific one for us! We have grown by 23 per cent in Q3 this year after having grown at 19 per cent in the same quarter last year. With the roll-outs of Phase-3 stations well underway, we hope to see rapid growth in the years to come. The next five years belong to radio!”

    ENIL’s participation in the first batch of Phase-3 auctions resulted in an expansion of its footprint into seven new towns namely Chandigarh, Kochi, Kozhikode, Jammu, Srinagar, Guwahati and Shillong.

    Radio Mirchi with Delhi International Airport (P) Limited (DIAL) has recently launched ‘Mirchi T3’ radio at Terminal 3 of Delhi Airport. With Mirchi T3, Radio Mirchi looks to cater to the niche group of premium listeners who frequent the airport.

  • Q3-2016: Zee Learn YoY revenue up 12.4 percent; PAT doubles

    Q3-2016: Zee Learn YoY revenue up 12.4 percent; PAT doubles

    BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported 12.4 percent higher YoY Total Income from Operations (TIO, revenue) in the quarter ended December 31, 2015 (Q3-2016,current quarter) at Rs 22.29 crore as compared to Rs 19.84 crore , but was 27.4 percent lower QoQ than Rs 30.70 crore.

     

    Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    The company’s Profit after tax (PAT) in the current quarter more than doubled YoY (up 2.07 times) at Rs 2.27 crore (10.2 percent margin) as compared to Rs 1.09 crore (5.5 percent margin) and was 2.1 times higher QoQ as compared  to Rs 1.08 crore.

     

    Let us look at the other numbers reported by Zee Learn

     

    Zee Learn’s Total expenditure (TE) in Q3-2016 at Rs 17.20 crore (77.2 percent of TIO) was 1.7 percent higher YoY as compared to Rs 16.91 crore (85.2 percent of TIO), but was 3.49 percent klowerr QoQ as compared to Rs 25.43 crore (86.1 percent of TIO).

     

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 5.99 crore (26.9 percent of TIO) was 5.4 percent as compared to Rs 6.33 crore (31.9 percent of TIO) and was 17.4 percent lower QoQ as compared to Rs 7.25 crore.

     

    In Q3-2016, Zee Learn’s operating cost at Rs 0.64 crore (2.9 percent of IO) was 14.6 percent lower YoY as compared to Rs 0.75 crore (3.8 percent of TIO) and was 24.2 percent lower as compared to Rs 0.85 crore (2.8 percent of TIO).

     

    The company’s marketing, advertisement and publicity expense (marketing expense) for Q3-2016 at Rs 0.58 crore (2.6 percent of TIO) was 58.5 percent lower YoY than the Rs 1.40 crore (7.1 percent of TIO) and was 67.4 percent lower QoQ as compared to Rs 1.78 crore (5.8 percent of TIO) in the immediate trailing quarter.

     

    Other expense in Q3-2016 at Rs 6.07 crore (27.3 percent of TIO) was 40.9 percent more YoY as compared to Rs 4.31 crore (21.7 percent of TIO) and was 18.6 percent lower QoQ as compared to Rs 7.46 crore (24.3 percent of TIO).

     

    Zee Learn says that on June 28, 2015 a fire occurred in one of the warehouses of the company at Bhiwandi near Mumbai and the inventory of educational material lying at the said warehouse amounting to Rs 1416.61 lakh got completely destroyed. Further, Zee Learn says that it has lodged a claim with the Insurance company for the loss incurred. Pending the settlement of insurance claim, the loss is accounted as ‘Claims Receivables’ under other Current Assets to the extent of the above amount. On settlement of the claim by the Insurance company, the difference in loss claim and actual claim received , if any, will be charged to the Statement of Profit and Loss Account.

  • Q3-2016: Zee Learn YoY revenue up 12.4 percent; PAT doubles

    Q3-2016: Zee Learn YoY revenue up 12.4 percent; PAT doubles

    BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported 12.4 percent higher YoY Total Income from Operations (TIO, revenue) in the quarter ended December 31, 2015 (Q3-2016,current quarter) at Rs 22.29 crore as compared to Rs 19.84 crore , but was 27.4 percent lower QoQ than Rs 30.70 crore.

     

    Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    The company’s Profit after tax (PAT) in the current quarter more than doubled YoY (up 2.07 times) at Rs 2.27 crore (10.2 percent margin) as compared to Rs 1.09 crore (5.5 percent margin) and was 2.1 times higher QoQ as compared  to Rs 1.08 crore.

     

    Let us look at the other numbers reported by Zee Learn

     

    Zee Learn’s Total expenditure (TE) in Q3-2016 at Rs 17.20 crore (77.2 percent of TIO) was 1.7 percent higher YoY as compared to Rs 16.91 crore (85.2 percent of TIO), but was 3.49 percent klowerr QoQ as compared to Rs 25.43 crore (86.1 percent of TIO).

     

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 5.99 crore (26.9 percent of TIO) was 5.4 percent as compared to Rs 6.33 crore (31.9 percent of TIO) and was 17.4 percent lower QoQ as compared to Rs 7.25 crore.

     

    In Q3-2016, Zee Learn’s operating cost at Rs 0.64 crore (2.9 percent of IO) was 14.6 percent lower YoY as compared to Rs 0.75 crore (3.8 percent of TIO) and was 24.2 percent lower as compared to Rs 0.85 crore (2.8 percent of TIO).

     

    The company’s marketing, advertisement and publicity expense (marketing expense) for Q3-2016 at Rs 0.58 crore (2.6 percent of TIO) was 58.5 percent lower YoY than the Rs 1.40 crore (7.1 percent of TIO) and was 67.4 percent lower QoQ as compared to Rs 1.78 crore (5.8 percent of TIO) in the immediate trailing quarter.

     

    Other expense in Q3-2016 at Rs 6.07 crore (27.3 percent of TIO) was 40.9 percent more YoY as compared to Rs 4.31 crore (21.7 percent of TIO) and was 18.6 percent lower QoQ as compared to Rs 7.46 crore (24.3 percent of TIO).

     

    Zee Learn says that on June 28, 2015 a fire occurred in one of the warehouses of the company at Bhiwandi near Mumbai and the inventory of educational material lying at the said warehouse amounting to Rs 1416.61 lakh got completely destroyed. Further, Zee Learn says that it has lodged a claim with the Insurance company for the loss incurred. Pending the settlement of insurance claim, the loss is accounted as ‘Claims Receivables’ under other Current Assets to the extent of the above amount. On settlement of the claim by the Insurance company, the difference in loss claim and actual claim received , if any, will be charged to the Statement of Profit and Loss Account.

  • Q2-2016: Balaji Telefilms’ QoQ PAT more than triples despite lower revenue

    Q2-2016: Balaji Telefilms’ QoQ PAT more than triples despite lower revenue

    BENGALURU: Balaji Telefilms Limited (Balaji Telefilms) reported 3.5 times consolidated profit after tax (PAT) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 7.29 crore (13.2 per cent margin) as compared to the Rs 2.09 crore (2.8 per cent of TIO) in the immediate trailing quarter. The company had reported a loss of Rs 75.80 crore in Q2-2015.

     

    Note:  (1)100,00,000 = 100 lakh = 10 million = 1 crore

    (2) All numbers are consolidated unless stated otherwise.

     

    The company reported eight per cent YoY drop in consolidated total income from operations (TIO) current quarter to Rs 55.08 crore from Rs 59.86 crore and 27.3 per cent drop from Rs 74.64 crore in Q1-2016. 

     

    The company’s revenue from commissioned programs segment in Q2-2016 increased YoY to Rs 51.18 crore from Rs 49.33 crore but declined 30.4 per cent from Rs 73.58 crore in the immediate trailing quarter. The segment’s operating profit in the current quarter increased by 2.2 times YoY to Rs 13 crore from Rs 5.85 crore and increased 11.4 per cent QoQ from Rs 11.67 crore.

    Total programming hours (excluding Nach Baliye) in the current quarter at 199 were lower than 219 hours in Q2-2015 and 209 hours in Q1-2016. Revenue per hour in Q2-2016 was Rs 24.3 lakh, higher than the Rs 20.50 lakh in the year ago quarter. For the immediate trailing quarter, revenue per hour was also Rs 24.3 lakh. The company says that drop in number of hours in the current quarter is mainly on account of Jodha Akbar going off-air in August 2015.

     

    Balaji’s other segment – Films, reported revenue of just Rs 1.64 crore in the current quarter as compared to Rs 9.43 crore in Q2-2015. The segment reported revenue of Rs 1.04 crore in Q1-2016.

     

    Film’s segment reported operating profit of Rs 0.06 crore in Q2-2016 as compared to an operating loss of Rs 7.46 crore in Q2-2015 and an operating loss of Rs 0.45 crore in the immediate trailing quarter.

     

    Total Expenditure in the current quarter declined 10.2 per cent to Rs 45.85 crore as compared to Rs 51.07 crore in the corresponding year ago quarter and declined 28.5 per cent from Rs 64.16 crore in the immediate trailing quarter.

     

    The company’s cost of production in the current quarter declined 33 per cent YoY to Rs 36.7 crore from Rs 54.6 crore and declined 39 per cent QoQ from Rs 60.2 crore.

     

    Staff cost increased 19 per cent YoY and QoQ to Rs 50 crore from Rs 42 crore.

  • Q2-2016: Saregama’s YoY revenue up 35.6% at Rs 55.87 crore

    Q2-2016: Saregama’s YoY revenue up 35.6% at Rs 55.87 crore

    BENGALURU: Indian custodians of music company Saregama Limited (Saregama) reported 35.6 per cent YoY growth in revenue or Total Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter). The company reported TIO of Rs 55.87 crore in the current quarter as compared to Rs 41.20 crore in the corresponding year ago quarter and 7.5 per cent QoQ growth from Rs 51.97 crore.

     

    Note: 100,00,000 = 100 lakh =10 million = 1 crore.

     

    Saregama reported year on year (YoY) increase in profit after tax (PAT) in Q2-2016. PAT in the current quarter was Rs 2.59 crore (4.6 per cent margin), while in Q2-2015, it was 2.08 crore (five per cent margin). QoQ, PAT declined slightly (declined by 1.5 per cent) from Rs 2.63 crore (5.1 per cent margin).

     

    Segment Numbers

     

    The company classifies its numbers by the two segments– Music and Television Serials (Television).

     

    Saregama’s Music segment reported 26.9 per cent YoY growth in operating revenue in Q2-2016 at Rs 32.94 crore (59 per cent of TIO) from Rs 25.96 crore (63 per cent of TIO) and 15.9 per cent QoQ growth from Rs 28.41 crore (54.7 per cent of TIO).

     

    Music segment operating profit in Q2-2016 grew 66.1 per cent YoY to Rs 10.98 crore from Rs 6.61 crore, but declined 8.9 per cent QoQ from Rs 12.05 crore.

     

    Saregama’s Television segment reported operating revenue of Rs 22.86 crore (40.9 per cent of TIO), which was 50 per cent more than the Rs 15.24 crore (37 per cent of TIO) in Q2-2015, but three per cent lower than the Rs 23.56 crore (45.3 per cent of TIO) in Q1-2016.

     

    The company’s Television segment reported operating profit of Rs 3.49 core in the current quarter as compared to an operating profit of Rs 0.19 crore in Q2-2015 and an operating loss in Q1-2016 of Rs 0.34 crore.

     

    Let us look at the other numbers reported by Saregama

     

    Saregama also reports revenue from three streams – Net Sales Income, License Fee, and Other. Net Sales Income in Q2-2016 increased 52.1 per cent YoY to Rs 23.31 crore (41.7 per cent of TIO) from Rs 15.53 crore (37.2 per cent of TIO), but declined by 2.1 per cent QoQ from to Rs 23.80 crore (45.8 per cent of TIO).

     

    License Fees income in the current quarter increased 25.7 per cent YoY to Rs 32.44 crore (58.1 per cent of TIO) from Rs 25.80 crore (62.6 per cent of TIO) and increased 15.2 per cent from Rs 28.15 crore (54.2 per cent of TIO) in Q1-2016.

     

    Other Income in the current quarter was Rs 0.05 crore; Rs 0.07 crore in Q2-2015; and Rs 0.02 crore, in Q1-2016.

     

    Saregama’s Total Expense in the current quarter at Rs 54.14 crore (96.9 per cent of TIO) was 34.2 per cent more than the Rs 40.33 crore (97.9 per cent of TIO) in Q2-2015 and 10.5 per cent more than the Rs 49 crore (94.3 per cent of TIO) in Q1-2016.

     

    The company’s Royalty Fee expense in Q2-2016 at Rs 5.34 crore (9.6 per cent of TIO) increased 16.6 per cent YoY from Rs 4.58 crore (11.1 per cent of TIO) and increased 11.5 per cent QoQ from Rs 4.79 crore (9.2 per cent of TIO).

     

    Saregama’s advertising and sales promotion expense in Q2-2016 at Rs 4.2 crore (7.5 per cent of TIO) increased 35.9 per cent YoY from Rs 3.09 crore (7.5 per cent of TIO) and almost doubled (increased 97.2 per cent) QoQ from Rs 2.13 crore (4.1 per cent of TIO).

     

    Employee Benefit Expense in the current quarter at Rs 11.41 crore (20.4 per cent of IO) was 68.3 per cent more than the Rs 6.78 crore (16.5 per cent of TIO) in Q2-2015 and 29.7 per cent more than the Rs 8.80 crore (16.9 per cent of TIO) in the immediate trailing quarter.

  • Q2-2016: Tips YoY Audio Products sales up 12.5%

    Q2-2016: Tips YoY Audio Products sales up 12.5%

    BENGALURU: Tips Industries Limited (Tips) reported a 12.5 per cent growth in its Audio Products Sales to Rs 9.01 core (75 per cent of Total Income from Operations or TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) as compared to the Rs 8 crore (10.3 per cent of TIO) in Q2-2015. QoQ, Audio Product sales grew 1.6 per cent from Rs 8.86 crore (100 per cent of TIO).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Tips reported TIO of Rs 12.01 crore in the current quarter. In Q2-2014, higher revenue from films resulted in the company reporting 6.5 times higher revenue of Rs 78 crore. In the immediate trailing quarter, Tips reported revenue of Rs 8.86 crore.

     

    The company reported profit after tax (PAT) of Rs 1.59 crore (13.2 per cent margin) in Q2-2016 as compared the profit of Rs 13.53 crore (17.3 per cent margin) in Q2-2015 and a loss of Rs 0.62 crore in Q1-2016.

     

    Segment numbers

     

    The company’s Audio Production Sales/Income segment reported 2.6 times the operating profit of Rs 7.91 crore in Q2-2016 as compared to the Rs 3.05 crore in Q2-2015 and 3.9 per cent more than the Rs 7.62 crore in Q1-2016.

     

    Tips Film Production/Distribution (Production) segment reported revenue of Rs 3 crore (25 per cent of TIO) in the current quarter as compared to the Rs 70 crore (89.7 per cent of TIO) in Q2-2015. For Q1-2016, the segment had reported ‘nil’ revenue.

     

    Tips Production segment reported operating loss of Rs 0.88 crore as compared to an operating profit of Rs 19.07 crore in Q2-2015 and an operating loss of Rs 3 crore in the immediate trailing quarter.

     

    Let’s look at the other numbers reported by Tips

     

    The company’s simple EBIDTA calculated without considering other income in the current quarter was 75.7 per cent lower at Rs 4.86 crore (40.5 per cent margin)  as compared to the Rs 20.03 crore (25.7 per cent margin) in Q2-2015 and was 63.6 per cent more than the Rs 2.97 crore (33.5 per cent margin) in Q1-2016.

     

    The company’s Total Expenses in the current quarter reduced by 87 per cent YoY to Rs 7.57 crore (63 per cent of TIO) as compared to Rs 58.40 crore (74.9 per cent of TIO) and increased by 19.6 per cent from Rs 6.33 crore (71.4 per cent of TIO) in Q1-2016.

     

    Tips cost of production/distribution of films in Q2-2016 reduced 93.4 per cent YoY to Rs 3.31 crore (27.6 per cent of TIO)  from Rs 50.44 crore (64.7 per cent of TIO) and increased 28.3 per cent to Rs 2.58 crore (29.1 per cent of TIO) in the immediate trailing quarter.

     

    The company’s finance costs in Q2-2016 at Rs 3.31 crore (27.6 per cent of TIO) was 15.4 per cent YoY as compared to Rs 2.87 crore (3.7 per cent of TIO), but was 2.2 per cent lower than the Rs 3.39 crore (38.2 per cent of TIO) in Q1-2016.

     

    Employee Benefit Expense in the current quarter at Rs 1.41 crore (11.7 per cent of TIO) was 9.1 per cent lower than the Rs 1.55 crore (2 per cent of TIO) in Q2-2015 and was almost flat (0.9 per cent lower) as compared to the Rs 1.42 crore (16 per cent of TIO) in the immediate trailing quarter.

  • Q2-2016: HT Media revenue up 7.3%, PAT down; radio revenue up 20.5%

    Q2-2016: HT Media revenue up 7.3%, PAT down; radio revenue up 20.5%

    BENGALURU: HT Media Limited (HT Media) reported 7.3 per cent growth in total income from operations (TIO) for the quarter ended 30 September, 2015 (Q2-2015, current quarter) at Rs 601.55 crore as compared to the Rs 560.88 crore in Q2-2015. The current quarter’s TIO was 2.4 per cent more than the Rs 587.18 crore in Q1-2016.

     

    HT Media’s radio segment (Fever 104 FM) reported a 20.5 per cent increase in operating revenue to Rs 29.34 crore (4.9 per cent of TIO) as compared to the Rs 24.34 crore (4.3 per cent of TIO) in Q2-2015 and 19.7 per cent more than the Rs 24.52 crore (4.2 per cent of TIO) in Q1-2016.

     

    Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

    (2) The figures mentioned in this report are consolidated figures unless stated otherwise.

     

    The company’s profit after tax (PAT) in Q2-2016 fell 17 per cent to Rs 36.42 crore (6.1 per cent margin) from Rs 43.89 crore (7.8 per cent margin) in the corresponding year ago quarter but was 46 per cent more than the Rs 24.95 crore (4.2 per cent of TIO) in Q1-2016.

     

    Advertising and Circulation revenue

     

    HT Media’s advertising revenue grew by 6.7 per cent in Q2-2016 to Rs 475.2 crore (78.8 per cent of TIO) from Rs 444.4 crore (79.2 per cent of IO) in Q2-2015 and grew 1.4 per cent from Rs 467.5 crore (79.6 per cent of TIO) in Q1-2016.

     

    Circulation revenue in the current quarter at Rs 75.4 crore (12.5 per cent of TIO) grew 5.2 per cent as compared to Rs 71.7 crore (16.1 per cent of TIO) in Q2-2015 and increased 3.3 per cent from Rs 72.9 crore (12.4 per cent of TIO) in the immediate trailing quarter.

     

    Segment-wise performance

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    HT Media’s publishing segment reported 5.4 per cent growth in revenue to Rs 538.08 crore (89.4 per cent of TIO) from Rs 510.75 crore (91.1 per cent of TIO) in the corresponding year ago quarter and grew 1.1 per cent from Rs 532.44 crore (90.7 per cent of TIO) in Q1-2016.

     

    The publishing segment reported operating profit of Rs 65.36 crore, which was 2.5 per cent lower than the Rs 67.04 crore in Q2-2015 and 17.6 per cent lower than the Rs 79.29 crore in Q1-2016.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata. Radio segment revenue numbers have been mentioned above. HT Media’s radio segment reported operating profit of Rs 3.84 crore, which was 42.2 per cent lower than the Rs 6.64 crore in Q2-2015 and 42.5 per cent lower than the Rs 6.68 crore in Q1-2016.

     

    The company’s digital segment reported 36 per cent growth in revenue to Rs 33.91 crore (11 per cent of TIO), which was 36 per cent more than the Rs 24.93 crore (4.4 per cent of TIO) in the corresponding year ago quarter and 11 per cent more than the Rs 30.56 crore (5.2 per cent of TIO) in Q1-2016.

     

    Digital segment reported higher loss of Rs 18.35 crore in Q2-2016 as compared to the Rs 14.70 crore in Q2-2015, but lower than the loss of Rs 23.88 crore in Q1-2016.

     

    The company reported unallocated losses of Rs 15.40 crore in Q2-2016; loss of Rs 11.90 crore in Q2-2016 and loss of Rs 20.01 crore in Q1-2016.

     

    Company Speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “Our performance this quarter has been satisfactory despite subdued economic activity and tepid markets. Our English publications saw a growth in revenue even after factoring in a base effect, and this was driven by growth in both HT Mumbai and Mint. Hindustan continues to demonstrate remarkable resilience and saw high growth rates. We successfully acquired the stations of our choice in the Phase-III FM auctions. The digital business grew in terms of revenue and saw a fall in losses. We are excited by the opportunities on offer, the prospects of our various businesses and are confident of executing on our plans in the coming months.”

  • Q2-2016: Dish TV PAT at Rs 87 crore; adds 3.38 lakh subscribers

    Q2-2016: Dish TV PAT at Rs 87 crore; adds 3.38 lakh subscribers

    BENGALURU: This is the third consecutive quarter that direct to home (DTH) company Dish TV has reported growth across important financial and operational parameters including operating revenues (TIO), profit after tax (PAT) and subscription numbers.

     

    Last fiscal and quarter (year and quarter ended 31 March, 2015, Q4-2015), the Subhash Chandra led Essel Group’s DTH operator Dish TV Limited turned the corner with a consolidated profit after tax (PAT) of Rs 3.14 crore and Rs 34.94 crore (margin 4.8 per cent) respectively. The company followed this up with even better numbers in the previous quarter (Q1-2015). Dish TV was the first among listed DTH companies in the country in FY-2015 and Q4-2015 to report PAT as opposed to the operating profits reported by a segment of the other Goliaths for whom DTH services is just another small segment.

     

    Note:

    (1)100,00,000 = 100 Lakh = 10 million = 1 crore

    (2) With effect from April 1, 2015, Dish TV says that it has started netting-off certain collection fees paid to its trade partners from its topline. This has resulted in the company’s topline getting shrunk by around four per cent, with a similar number being decreased from the middle line. The values for the prior comparative periods have also been recast to reflect the same.

    (3) Dish TV recently transferred its non-core business (including set-top boxes, dish antenna and related services) to its wholly owned subsidiary Dish Infra Services Private Limited (formerly known as Xingmedia Distribution Private Limited) on 1 April, 2015 on a going concern basis.

     

    For the current quarter ended 30 September, 2015 (Q2-2015), Dish TV has reported Operating revenue of Rs 752.42 crore, hence registering a 15.8 per cent YoY growth as compared to Q2-2015’s number of Rs 649.90 crore and a 2.1 per cent QoQ growth as compared to Rs 736.68 crore.

     

    The company reported PAT of Rs 86.96 crore (11.6 per cent margin) for the current quarter as compared to a loss of Rs 14.2 crore in the corresponding year ago quarter and a whopping 60.4 per cent growth in profit as compared to the Rs 54.21 crore (7.4 per cent margin) in the previous quarter.

     

    The company’s subscriber base in Q2-2016 increased by 3.38 lakh to touch 137 lakh as compared to the 133 lakh reported at the end of the previous quarter (Q1-2016).

     

    Dish TV reported a YoY growth in Average Revenue Per User (ARPU) to Rs  171 as compared to the Rs 166, but a QoQ decline from Rs 173 in the previous quarter.

     

    Dish TV chairman Subhash Chandra said, “Dish TV further reinforced its leadership position during the quarter. The company, while being at the forefront of the DTH industry in India, reached out to television viewers with innovative products that promise to enhance their television viewing experience. Dish TV’s improving financial strength coupled with its passion to be ahead of the curve, should be an advantage to further enhance its presence in the vast and still untapped analogue and free-to-air television markets in the country.”

     

    Let’s look at the other numbers reported by Dish TV

     

    Dish TV’s total expenditure in Q2-2016 at Rs 630.44 crore (83.8 per cent of TIO) declined 1.5 per cent as compared to the Rs 639.90 crore (98.5 per cent of TIO) in Q2-2015 and declined 4.4 per cent as compared to the Rs 659.69 crore (89.5 per cent of TIO) in Q1-2016.

     

    A major expense head is content cost comprising programming, content and other costs. In Q2-2016 content cost at Rs 203.54 crore (27.1 per cent of TIO) was 17.1 per cent more than the Rs25.27 crore (29.7 per cent of TIO), but was 14.7 per cent lower than the Rs 212.01 crore (28.8 per cent of TIO) in the previous quarter.

     

    Employee Benefit Expense (EBE) in Q2-2016 at Rs 29.58 crore (3.9 per cent of TIO) increased 17.1 per cent as compared to the Rs 25.27 crore (3.9 per cent of TIO) in Q2-2015, but declined 14.7 per cent as compared to the 34.67 crore (4.7 per cent of TIO) in Q1-2016.

     

    Dish TV’s selling and distribution expense in Q2-2016 declined 26.1 per cent to Rs 68.09 crore (nine per cent of TIO) as compared to the Rs 92.09 crore (14.2 per cent of TIO) in the corresponding year ago quarter, but was 2.6 per cent more than the Rs 66.34 crore (nine per cent of TIO) in the immediate trailing quarter.

     

    Dish TV managing director Jawahar Goel said, “Dish TV continued to actively contribute to the ‘Digital India’ movement by digitising analog TV homes in DAS phase 3 & 4 markets. A unique product mix and a strong brand recall enabled us to add a healthy 338 thousand net subscribers in a seasonally weak quarter. Our regional offering ‘Zing’ is now available across eight states and continues to be in high demand in its target markets.”

     

    Goel added, “Sticking to our guiding principle of growth with profitability, we enhanced operational efficiencies in the business and are pleased with an all-time high EBITDA margin of 33.9 per cent recorded during the quarter. We were positive at the net level as well and had a free cash flow of Rs. 84.9 crore. As we move ahead, we stay convinced about our pole position being related to our value for money offering and intend to constantly work on it for long term sustainable growth.”

  • Q2-2016: 18% YoY ad revenue jump ramps Hindustan Media Ventures revenue 16%

    Q2-2016: 18% YoY ad revenue jump ramps Hindustan Media Ventures revenue 16%

    BENGALURU: An 18.2 per cent YoY increase in advertising revenue ramped up Hindustan Media Ventures Limited (HMVL) total revenue by 16.2 per cent during the quarter ended 30 September, 2015 (Q2-2016, current quarter).

     

    The publisher that publishes Hindi newspaper ‘Hindustan’, Hindi socio cultural magazine ‘Kadambini’ and children’s Hindi magazine ‘Nandan’ among others, reported ad revenue of Rs 168.1 crore in Q2-2016 as compared to the Rs 142.2 crore in Q2-2015 and Rs 162.1 crore (1.1 per cent QoQ growth) in Q1-2016. HMVL total revenue in the current quarter increased to Rs 245.9 crore as compared to Rs 211.6 crore in Q2-2015 and Rs 235.4 crore (4.5 per cent QoQ growth) in the immediate trailing quarter.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Circulation revenue in Q2-2016 increased 7.6 per cent to Rs 53.4 crore as compared to the year ago quarter circulation revenue of Rs 49.6 crore and was flat (increased 0.1 per cent) as compared to the Rs 53.4 crore in Q1-2016.

     

    The company’s profit after tax (PAT) in the current quarter increased 43.1 per cent to Rs 45 crore (18.3 per cent margin) as compared to the Rs 31.5 crore (14.9 per cent margin) in Q2-2015 and increased eight per cent to Rs 41.7 crore (17.7 per cent margin) in the immediate trailing quarter.

     

    Total Expenditure in the current quarter increased eight per cent to Rs 180.19 crore as compared to the Rs 166.88 crore in Q2-2015 and was 3.1 per cent more than the Rs 174.72 crore in Q1-2016.

     

    Cost of raw materials consumed increased 1.2 per cent to Rs 85.75 crore in Q2-2016 as compared to the Rs 84.76 crore in Q2-2015 and increased 1.1 per cent as compared to the Rs 84.80 crore in Q1-2016.

     

    Employee Benefit Expense (EBE) increased 15.9 per cent to Rs 29.88 crore in Q2-2016 as compared to Rs 25.77 crore in the corresponding year ago quarter and increased four per cent as compared to the Rs 28.72 crore in Q1-2016.

     

    Company speak

     

    HMVL chairperson Shobana Bhartia said, “We are glad to report another quarter of strong growth in revenue and profits despite significant macroeconomic stress. The quarter witnessed healthy growth in advertising revenue across verticals. We also saw an increasing share of local business across all our markets. And lower raw material prices and a benign rupee continue to boost profitability. We have the momentum and expect to continue on the growth path as we move forward.”